Shift4 Payments FY2024 EPS Forecast Increased by B. Riley

Shift4 Payments, Inc. (NYSE:FOUR) – Investment analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of Shift4 Payments in a research report issued to clients and investors on Tuesday, November 26th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $2.96 for the year, up from their previous estimate of $2.91. B. Riley currently has a “Buy” rating and a $150.00 target price on the stock. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.95 per share. B. Riley also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.98 EPS and FY2025 earnings at $4.17 EPS.

A number of other equities research analysts also recently weighed in on FOUR. Piper Sandler raised their price target on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Stephens increased their price target on Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. William Blair began coverage on Shift4 Payments in a research report on Wednesday, September 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group increased their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, BTIG Research lifted their price target on Shift4 Payments from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Shift4 Payments currently has a consensus rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Stock Performance

Shift4 Payments stock opened at $114.95 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The stock has a market cap of $10.36 billion, a PE ratio of 62.47, a P/E/G ratio of 1.39 and a beta of 1.64. Shift4 Payments has a 12-month low of $55.87 and a 12-month high of $115.08. The business’s 50-day moving average price is $95.67 and its two-hundred day moving average price is $80.67.

Insiders Place Their Bets

In other Shift4 Payments news, insider Jordan Frankel sold 12,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now directly owns 228,021 shares of the company’s stock, valued at approximately $18,827,693.97. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nancy Disman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the sale, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at approximately $14,874,566.70. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in shares of Shift4 Payments by 66.1% in the 3rd quarter. Tidal Investments LLC now owns 8,057 shares of the company’s stock worth $714,000 after buying an additional 3,206 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Shift4 Payments during the 3rd quarter worth $169,000. Orion Capital Management LLC boosted its holdings in shares of Shift4 Payments by 10.5% in the 3rd quarter. Orion Capital Management LLC now owns 8,445 shares of the company’s stock worth $748,000 after buying an additional 800 shares during the last quarter. Geode Capital Management LLC grew its position in Shift4 Payments by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company’s stock valued at $93,797,000 after buying an additional 53,610 shares during the period. Finally, M&T Bank Corp increased its holdings in Shift4 Payments by 15.5% during the third quarter. M&T Bank Corp now owns 3,944 shares of the company’s stock worth $349,000 after buying an additional 530 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.